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Sunday, November 12, 2017

USD/JPY made an attempt to move higher as the leaders met, but never went too far, finding itself falling back down. What’s next? The first release of Japanese GDP coincides with the all-important US inflation report. The question now is: bounce or break?USD/JPY fundamental movers

Tax reform may eventually pass, but the corporate tax cut may be delayed. This was the main downer of the dollar. In addition, the Republicans suffered from a bad set of elections, undermining their stand.

The leaders of Japan and the US met in Tokyo and the meeting triggered some headlines about trade, as well as about North Korea. USD/JPY advanced at first, but never went too far.